topic Venture X — Savings Account For Eligibility? in Credit Cards

Venture X — Savings Account For Eligibility?

cycling — Fri, 30 Dec 2022 08:06:45 GMT

Hi Folks,

I was given to understand that depositing money at certain banks would make it easier to qualify for their products, such as chase, US Bank. I wonder if the same trick works with capital one as well? i.e. would they approve my venture x card more easily with say, 30k in their savings account?

Re: Venture X — Savings Account For Eligibility?

OmarGB9 — Fri, 30 Dec 2022 08:07:08 GMT

Actually that rarely ever helps, even at Chase or US Bank. Unless you're a high net worth individual and/or have substantial assets with them (think 7+ figures), having a deposit account doesn't mean anything. To answer your question: no. Cap One wouldn't care.

Re: Venture X — Savings Account For Eligibility?

FinStar — Fri, 30 Dec 2022 08:10:12 GMT

@cycling wrote:
Hi Folks,

I was given to understand that depositing money at certain banks would make it easier to qualify for their products, such as chase, US Bank. I wonder if the same trick works with capital one as well? i.e. would they approve my venture x card more easily with say, 30k in their savings account?

Hello @cycling - welcome to the forums.

Unfortunately, it does not. Unlike some financial institutions that may use a depository or brokerage relationship for consideration on some lending products, Capital One does not. That particular side of the bank is walled off to the lending side, whether you have $30K, $50K parked or higher.

Re: Venture X — Savings Account For Eligibility?

jaybird14 — Sat, 31 Dec 2022 22:34:12 GMT

FWIW, I've had a checking and savings with CapOne since I was young (and they've were my depository bank for quite a while), but despite that their mailers only ever say to "check my eligibility" and any mail or email "pre-approvals" have been for Platinum, despite their pre-approval portal recommending Savor and Venture.